The property at 779 Lake St offers approximately 1,162 sqft with 3 beds and 1 bath, positioning it well for families or individuals in the South Fork area. Based on the provided comp data and regional trends, the estimated monthly rent range is $850–$1,195. Using a mid-range rent of $1,000, annual gross revenue could reach $12K. With a list price of $20K, the payback period is just 1.5–2 years—exceptionally strong for cash-on-cash returns. South Fork's market is stable but slow-moving, with low price points and limited rental comps, so vacancy may be a concern. The property’s age and 'as-is' condition suggest needed updates, but features like a garage and solid lot size boost its appeal.

To maximize rental income, invest in basic upgrades—especially heating, cosmetic refreshes, and minor landscaping to improve curb appeal. Highlight the garage and flexible layout to attract renters. If considering a sale, market the property to value-oriented investors who appreciate high yield potential and aren’t deterred by renovation projects. Ensure all mechanicals are functional, as lack of heating or cooling could limit rentability or slow tenant placement.